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theguardian.com
Apple expected to unveil folding iPhone as new CEO takes center stage
The new model will serve as the first big test for John Ternus, who took the role last weekAll eyes are on Apple’s annual fall announcement of new products this afternoon, where the company is expected to unveil the most significant change to the iPhone since the smartphone’s introduction in 2007.Unlike previous iterations, the new iPhone is expected to fold, opening and closing like a passport to double its screen size. Continue reading...
theguardian.com
UK datacentres will create just 25% of jobs predicted by tech sector, analysis finds
Facilities likely to employ 10,400 workers, compared with 40,000 in industry estimates, thinktank saysDatacentres in the UK will create just a quarter of the jobs predicted by the tech sector, while consuming vast amounts of energy, according to new research.Environmental thinktank Verdant predicts that all the datacentres currently planned are likely to directly employ 10,400 workers – compared with the more than 40,000 cited in projections by the industry lobby group TechUK. Continue reading...
cnbc.com
Iran says it hit American vessels, oil tankers in Hormuz in retaliation for U.S. strikes
The U.S. and Iran traded new attacks around the Strait of Hormuz, as President Donald Trump insists oil prices will drop fast once the Iran war ends.
bbc.co.uk
Singaporean man pleads guilty in US to massive crypto heist
Malone Lam and his associates used the proceeds of their crimes to fund a luxurious lifestyle, US authorities said.
cnbc.com
G10’s ‘surprise’ currency star could stumble as peers hike interest rates
The British pound has benefited from a resilient economy and rate hike expectations, but the BOE looks increasingly dovish while a crucial budget lies ahead.
bbc.co.uk
'We were target of sinister heating oil theft and want to warn others'
A charity is warning about the risk of home heating oil thefts after falling victim to the crime.
bbc.co.uk
Cowboy builder tore my home apart and disappeared off the face of the earth with £14k
Victims of cowboy builders describe how they were exploited with one couple left "scarred for life".
theguardian.com
Burnham urged to tackle inequality with policies including wealth tax
Key thinkers suggest other radical measures in Compass report such as free personal social care and abolishing LordsAndy Burnham should tackle inequality in the UK by introducing a wealth tax, universal free personal social care and bringing gas and electricity networks under public ownership, according to a report from more than a dozen influential thinkers.In the lead-up to the first budget of the chancellor, John Healey, this autumn, the Compass thinktank has collated 70 policy options from 15 leftwing thinkers that they argue would deliver on the prime minister’s promise to end 40 years of neoliberalism. Continue reading...
cnbc.com
The world's highest paid leader is set for a 64% pay rise. Here's how others compare
Wong announced ministerial salaries will be adjusted upwards after 15 years, with his annual pay package rising to 3.6 million Singapore dollars
cnbc.com
Chipotle's new restaurant in a hip Seoul neighborhood tests its Asian expansion strategy
Chipotle is making its Asia debut in South Korea through its first-ever joint venture for international expansion, with Singapore next in 2027.
cnbc.com
China's EV makers shift gears to focus on humanoids as car market slows
As Chinese electric car sales slow and share prices tumble, several of the automakers are ramping up humanoid robotics development.
theguardian.com
‘Miserable and impossible’: food scarce in Kyiv as Russia targets supply chains
Supermarket shelves half-filled in Ukrainian capital as Moscow bombs warehouses supporting civilian lifeStocking up on cured sausages from the half-empty shelves in her local supermarket, Valentyna Sveshnikova is worried about money. The 68-year-old grandmother lives off her small pension and has already noticed the cost of several goods increase, including sausages. Russia wants “to make our life miserable and impossible. And they’re actually succeeding in it,” she says.Russian strikes on food warehouses and logistics supply chains around several Ukrainian cities have left gaps on supermarket shelves and risk causing price increases. Continue reading...
theguardian.com
Reclaiming the streets: the architects clawing back Europe’s car-centric spaces
The European Prize for Urban Public Space’s shortlist highlights projects helping people cope with climate crisisIn the words of Joni Mitchell, the planners of many urban centres around the world “paved paradise and put up a parking lot”. The European Prize for Urban Public Space tries to show that cities don’t have to be locked in the automotive age for ever.The prize’s latest shortlist, announced on Wednesday, highlights architectural projects that convert infrastructure for cars into spaces that help urban dwellers cope with the soaring temperatures of the climate crisis: roundabouts that have become splash pools, thoroughfares turned into green havens, and car parks into gardens. Continue reading...
cnbc.com
How Asia’s ultra-rich are investing and where wealthy Chinese are migrating, according to Maybank Singapore CEO
Asia's ultra-rich still like gold, but they're branching out to digital assets as well, Maybank Singapore's CEO said.
cnbc.com
China's wholesale inflation tops estimates in August on commodity costs, tech demand as consumer price increases meet forecast
Much of the anticipated pickup reflects a favorable base-effect comparison and higher commodity costs, rather than a genuine strengthening in household demand.
bbc.co.uk
US slaps import ban on Canadian alcohol, motorbikes and other goods
It is the latest strike in a long trade war, and comes as Canadian counter-tariffs on US goods come into force.
bbc.co.uk
More flight delays expected after hundreds cancelled by air traffic control glitch
Departures from a number of airports are affected by a technical problem affecting air traffic control provider Nats.
theguardian.com
UK air traffic control breakdown strands hundreds of thousands of passengers
More than 1,000 flights cancelled with disruption continuing on Wednesday and airlines calling for overhaul after third incident in just over three yearsUK airport disruption: what are your rights?Flight delays and cancellations were expected to continue into Wednesday at UK airports after another air traffic control failure kept planes grounded for hours, affecting hundreds of thousands of passengers.At least 177 flights scheduled for Wednesday to and from UK airports had been cancelled, plane tracking site Flightradar24 said, “nearly all at London Heathrow”. More than 1,000 were cancelled by about 8pm on Tuesday. Continue reading...
theguardian.com
Elon Musk’s ex-girlfriend accuses him of sowing ‘deliberate division’ on X - video
Elon Musk is sowing 'deliberate division' via his social media platform X that will be catastrophic unless regulated, the mother of one of the 14 confirmed children fathered by the world’s richest man has warned. In Musk, a new documentary by veteran film-maker Alex Gibney, former Maga influencer Ashley St Clair says Musk told her in a text message he wanted to have a child with her because he needed to have 'a legion of children before the civil war'. The couple had a son in 2024 but have since separated. St Clair says Musk’s team offered her a $40m lump-sum payment and a monthly stipend of $100,000 in return for her signing a non-disclosure agreement but withdrew the offer after she refused to sign itElon Musk told ex-girlfriend he needed ‘a legion of children before the civil war’ Continue reading...
theguardian.com
Pilots tried to abort landing seconds before deadly Amazon cargo plane crash that killed five
The five people killed were employees of an aircraft cleaning company who were in a van struck by the plane after it overran the Miami airport runwayAt least five dead after Amazon cargo plane crashes at Miami airportOfficials in Florida on Tuesday said evidence collected from Saturday’s Amazon cargo plane crash at Miami international airport suggests the pilots considered aborting the flight’s landing before it crashed and killed five people on the ground.At a press conference Tuesday evening, officials from the National Transportation Safety Board (NTSB) released data from the plane’s “black box” flight data recorder, which was recovered from the wreckage on Monday, indicating pilots initiated a “go-around”, or aborted landing, seconds before impact.Reuters contributed reporting Continue reading...
cnbc.com
Hit TV show 'South Park' becomes 'South America' in apparent reference to Trump's geographic name changes
Show creators Trey Parker and Matt Stone said in a statement that they were "inspired by the bravery and patriotism of Apple and Google."
cnbc.com
CNBC Daily Open: Sanctions, strikes and the road to $100 oil
Washington says economic pressure will help bring its war with Iran to an end. But the missiles still seem to be flying.
theguardian.com
US bans Canadian dairy, alcohol and motorcycles as trade war with longtime ally escalates
The measure comes as Canada imposes $20bn in retaliatory tariffs and Canadian prime minister Mark Carney vows to reduce his country’s economic dependence on the USThe US is banning dairy products, most alcoholic beverages and motorcycles from Canada, the White House said Tuesday, as the trade war between the two neighbors and longtime allies escalates.The ban will take effect in three weeks and comes after Canada imposed retaliatory tariffs on $20bn in US imports earlier Tuesday. Continue reading...
cnbc.com
Marvell shares have soared 241% in a year. CEO says this is a key reason why
Marvell Technology CEO Matt Murphy said trust has helped fuel the chipmaker's massive run over the past year.
bbc.co.uk
Should promotion depend on how workers use AI?
More companies are tying career progression to AI use: is that fair?
bbc.co.uk
I'm 27 and I've already written my will - here's why
For many young people making a will may not seem necessary, but here's why you shouldn't put it off.
cnbc.com
AI infrastructure stocks rally on deal announcements from Qualcomm, Corning
Shares of Qualcom, Corning, Intel, Advanced Micro Devices and others tied to the AI infrastructure trade popped on Tuesday.
theguardian.com
LIV Golf files for bankruptcy protection as it looks to ‘begin the next chapter’
Saudi investors stopped backing LIV this yearRahm, DeChambeau and Smith among the creditorsLIV Golf, the breakaway tour that spent billions of dollars luring top players away from the PGA and triggered bitter divisions within the sport, has filed for bankruptcy protection in the US.The filing at a New Jersey court indicates LIV, which abruptly lost its deep-pocketed Saudi investors earlier this year, intends to restructure and return in a new form. Continue reading...
cnbc.com
LIV Golf files for Chapter 11 bankruptcy protection
As part of the proposed bankruptcy deal, the upstart golf venture is expected to be majority owned by its players.
cnbc.com
Trump administration expresses 'profound concern' over Ford's ties to China
In a letter to Ford CEO Jim Farley, U.S. DOT Secretary Sean Duffy questioned the automaker's strategic trajectory involving Chinese companies.
cnbc.com
Bombardier points out U.S. footprint after Trump says aerospace giant must build in America
Trump's swipe at Bombardier has spurred rebuttals from some Republican in states where Bombardier maintains a presence.
bbc.co.uk
OpenAI says it cracked 90-year-old maths problem in 88 hours
OpenAI's claim that it solved parts of Navier-Stokes equations has quickly stirred controversy.
cnbc.com
Oil rises to $99 on report Iran launched second undisclosed attack on U.S. Navy ships
Energy markets Tuesday reacted to escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend.
cnbc.com
Chinese giants Xiaomi, Huawei race to get ahead of Apple’s rumored foldable iPhone
Xiaomi and Huawei launched new foldables ahead of Apple’s event, where the company is rumored to unveil its first foldable iPhone.
cnbc.com
Qualcomm issues warrants to Amazon to acquire $4 billion worth of chipmaker's stock as part of AI infrastructure deal
Qualcomm is trying to move into the data center business, where Nvidia has been the dominant player in the AI boom.
theguardian.com
Ikea wins right to launch legal action against Belgian far-right party
EU’s highest court allows Swedish furniture firm to begin proceedings after Vlaams Belang used its trademarks in immigration campaignIkea has won the right to take legal action against a Belgian far-right political party that parodied the Swedish flatpack furniture firm’s branding in its anti-immigration campaign.In a ruling on Tuesday, Europe’s highest court said that Ikea had the right to oppose the use of its trademarks and distinctive graphics by Vlaams Belang, a rightwing Eurosceptic political party that advocates for an independent Flemish state. Continue reading...
theguardian.com
UK to force Apple and Google to block explicit images on children’s smartphones
Lisa Nandy says government will introduce legislation after talks end without breakthroughApple and Google will be forced to block explicit images on children’s smartphones by law in the UK after talks failed to produce a breakthrough, the government has said.The legislation commitment puts ministers on a collision course with two of the biggest players in Silicon Valley, months after the government announced a social media ban for under-16s. Continue reading...
theguardian.com
United Utilities fined nearly £1m after discharging raw sewage along Lancashire coast
Seaside communities and businesses were affected significantly by the contamination in June 2023United Utilities has been fined nearly £1m after illegally discharging raw sewage along the Lancashire coastline and polluting seaside holiday locations including Blackpool.The water company pleaded guilty to five environmental permit offences relating to a pollution incident along the Fylde coast in June 2023, and was ordered by Preston magistrates court on Tuesday to pay £964,225 in fines and costs. Continue reading...
theguardian.com
Yes, cut red tape. But shareholder votes on boardroom pay are not ‘pointless admin’
Nothing good can come of ditching annual investor votes on remuneration reports or encouraging online-only shareholder meetingsThe government, like every other one in living memory, is on a mission to reduce red tape for business. The former chancellor Rachel Reeves promised “a blitz on bureaucracy” and “pointless admin” and here comes the business department with a 12-week consultation on “modernising corporate reporting to support long-term economic growth”.Never mind that cutting energy costs for business would, by an order of magnitude, do more to support growth than any bonfire of red tape ever will. The consultation is still worthwhile: clearing out accumulated clutter, exploring digital options and clarifying reporting “exemptions and exclusions” for small- and medium-sized companies could free up a bit of time for doing more business. Continue reading...
bbc.co.uk
Sapporo to move some beer production from Canada to US after tariffs
The Japanese brewer plans to shift non-alcoholic beer brewing to the US from Canada as tariffs bite
cnbc.com
U.S. sanctions Iranian airlines in aim to tighten economic squeeze as war spreads, oil rises
The latest U.S. action under "Operation Economic Outcast" targets all Iranian airlines that were not already facing sanctions.
theguardian.com
Ella Baron on the UK’s ban on trade with illegal Israeli settlements – cartoon
Continue reading...
theguardian.com
UK airport disruption: what are your rights if you have been affected?
Air traffic control issue affecting airports across UK on Tuesday has been resolved but disruption could continue into WednesdayFlight disruption continues after air traffic control technical issueAirports across the UK including Manchester, Birmingham and all those in London were hit by problems at air traffic control on Tuesday.The technical issue was announced shortly before 2pm and was resolved about three hours later. By that time, hundreds of flights had been cancelled, with knock-on disruption across Britain and at destination airports abroad likely to continue into the evening and possibly Wednesday. Continue reading...
cnbc.com
Canada's retaliatory tariffs worth CA$27.6 billion take effect as trade rift with U.S. deepens
Duties on Canadian imports of U.S. steel and aluminum products have doubled to 50% as a trade war between Washington and Ottawa intensifies.
theguardian.com
Bank of England’s tricky balancing act in dealing with global bond shock | Letter
Complicated trade-offs raise the issue of whether the government needs to change its relationship to the Bank of England, says Prof Costas MilasYour editorial (The Guardian view on the global bond shock: Andy Burnham should take note, 1 September) implicitly suggests that the global bond shock will bring firmly into focus our government’s fiscal responsibility.Fiscal responsibility is a precondition for avoiding a further rise in the UK’s cost of borrowing. Nevertheless, fiscal policy has to be considered together with monetary policy. In fact, the current rise in UK yields poses a huge challenge for the Bank of England’s policymakers, who will make their next decision on UK interest rates on 17 September. This is when the Bank’s monetary policy committee (MPC) will announce the amount of government bond sales (or quantitative tightening, QT) to be pursued over the next 12 months. Continue reading...
theguardian.com
Are rich people really worse behaved? Here’s the science – video
Who’s more likely to steal sweets from a child? According to science, it’s the rich. A study seemingly confirming our suspicions about the moral behaviour of the wealthy was one of the winners of the 2026 Ig Nobel prizes, which honour research that makes you laugh and then think. Science editor Ian Sample tells Madeleine Finlay what the researchers think could be behind the phenomenon, and they explore some of the other awards, including one for a surprising quality we look for in our friends and another for a biomechanical definition of kissing Continue reading...
cnbc.com
TikTok to expand data center capacity in Finland amid boom in AI infrastructure deals
TikTok plans to take roughly 150 MW of data center capacity in Finland as the country sees digital infrastructure deals ramp up amid the AI boom.
cnbc.com
UK announces new Israeli settlement sanctions, despite U.S. warning of economic consequences
U.S. officials have warned the U.K. of potential economic consequences if it moves ahead with sanctions targeting Israeli settlements in the West Bank.
cnbc.com
Pharma major Novartis falls 10% after three drug trial setbacks
Shares of Novartis tanked on Tuesday after results from its del-desiran drug trial disappointed investors.
bbc.co.uk
Borrowers expecting mortgage rates to drop have hopes dashed
Major lenders have raised rates on new deals in recent days, leaving many borrowers needing to make a decision.
cnbc.com
AstraZeneca's COPD drug scores two late-stage trial wins as full data boosts blockbuster hopes
The full data reinforces hopes that the drug could be a breakthrough COPD treatment and reach AstraZeneca's peak annual sales forecast of more than $5 billion.
theguardian.com
Organised crime driving illicit cigarette factory boom ‘in almost every EU state’
Bloc losing €13bn in revenue with one in 10 cigarettes illegal, watchdog reportsEurope live – latest updatesThe illegal trade in tobacco is booming in the EU, according to a report by the bloc’s financial watchdog, with almost one in 10 cigarettes produced illicitly or smuggled, causing an estimated €13bn loss in tax revenue each year.The European Court of Auditors (ECA) said in a report on Tuesday that the trade had “changed significantly” in recent years as smuggling, while still “a problem”, was overtaken by illicit manufacturing, which has increased dramatically in the bloc. Continue reading...
bbc.co.uk
Carney says US trade war 'will come at a cost' as Canada strikes back on tariffs
Canada's levies - as high as 50% - will apply to nearly $20bn of US products, from steel to T-shirts.
theguardian.com
UK foreign secretary announces sanctions on trade with Israeli West Bank settlements – video
In the strongest condemnation ever issued by a UK government, Ed Miliband said it would take the official position that Israel’s occupation of the West Bank was unlawful in its entirety. The sanctions imposed include bans on goods from illegal settlements and adverts for land on the settlements will also be prohibited. Miliband said the measures would take up to nine months to come into effectUK accuses Israeli ‘terrorists’ of ethnic cleansing in West Bank with government backingUK Politics live - latest updates Continue reading...
theguardian.com
Eiffel Tower management under fire after decision to hide female staff
One-day strike called after Paris landmark agreed to keep women out of sight for visit by Hindu groupThe Eiffel Tower has reopened after a one-day strike was called in response to the landmark’s management ordering female staff to keep out of sight at the request of a visiting religious group.City Hall, which operates the Paris landmark, has apologised for breaching France’s republican principle of equality and ordered a full inquiry. Continue reading...
theguardian.com
Half of Premier League clubs face losing lucrative sponsors if unlicensed gambling firms banned
Ten clubs could lose tens of millions of pounds next yearLadbrokes owner highlights PM’s position as Everton fanHalf of the Premier League’s 20 clubs have sponsorship or advertising deals with unlicensed gambling companies that could be illegal next year under plans being developed by the government.An eight-week consultation on proposals to ban sponsorship from gambling companies not licensed in the UK closes on Wednesday, with licensed operators such as Ladbrokes and William Hill pitted against the Premier League in a battle that could cost clubs tens of millions of pounds. Continue reading...
cnbc.com
'Patients pay the tariff': Swiss pharma CEO warns of Trump's generic drug tariff threat
Sandoz CEO Richard Saynor warns steep U.S. tariffs on imported generic drugs could force manufacturers to raise prices or cut supply.
cnbc.com
Global markets keep shrugging off shocks. Here's what could break that streak, according to HSBC
Markets have shrugged off a barrage of shocks in recent years but that resilience may not last forever, according to HSBC.
theguardian.com
Channel 4 to axe about 300 jobs in biggest layoffs in its history
Exclusive: Staff expect ‘brutal’ cutbacks as broadcaster seeks to reduce costs amid advertising slowdownBusiness live – latest updatesChannel 4 is poised to cut about 300 jobs – about a quarter of its workforce – in the biggest round of layoffs in its 43-year history, as the broadcaster seeks to dramatically cut costs.Priya Dogra, who took over from Alex Mahon as chief executive in March, is to address an all-staff meeting on Wednesday on a wide-ranging review of Channel 4’s strategy and structure. Continue reading...
cnbc.com
Australia targets algorithmic social feeds as it looks to hit Big Tech harder
Australia plans to give social media users the option to switch off algorithm-based feeds in proposed legislation, serving as the latest blow to tech giants.
theguardian.com
Trump’s approval rating is plummeting – as his fortune grows and grows | Arwa Mahdawi
The US president says criticising his soaring investment portfolio is ‘very unfair’. Tell that to the millions of Americans struggling with the cost of livingIf I had a dollar for every time Donald Trump said something inane, I would be a very rich woman. But even with an income that steady, I could never hope to be as flush as the president. A Forbes calculation from March puts his net worth at about $6.5bn – and it’s growing rapidly. Trump made $2.2bn in 2025 via business interests that ranged from selling cryptocurrency and Trump Bibles to offering early access to his (often market-moving) Truth Social posts.To be fair, Trump isn’t making all this money just so he can buy golf clubs and gold toilets. No, he’s amassing these billions for the good of the little people; it’s altruism, not avarice! “I do this for our Country, not myself,” the president wrote on Truth Social on Sunday night alongside an AI-generated picture of him trading Intel stock. “I’ve made Hundreds of Billions of Dollars on Stocks, and many other type Holdings, for the U.S.A., not myself, and all I do is get criticized by the Radical Left Dumocrats. Very unfair, but what can you do!” Continue reading...
theguardian.com
Here in Liverpool, buses are back under public control – and that’s great for the only people who really matter | Steve Rotheram
For decades we were told that privatisation would deliver better services. The experience of millions of passengers tells a different storySteve Rotheram is mayor of the Liverpool city regionOne of the best-known scenes from the TV series The Inbetweeners is the four angst-ridden teenage characters shouting abuse at people queueing at a bus stop. Only losers take the bus, is the point – except they use a much ruder word. There’s also a statement, misattributed to Margaret Thatcher, that any man over the age of 26 using a bus was a loser. This idea is deeply ingrained.But when I was an MP it became obvious that there wasn’t the same stigma attached to jumping on the bus in London as there often was in other big cities. It often wound me up that the rest of the country was expected to accept a suboptimal public transport system – so much so that it could be joked that only losers would use it – while London retained its excellent bus service, which it ran under public control.Steve Rotheram is mayor of the Liverpool city region Continue reading...
bbc.co.uk
What tariffs will really cost Canadians and Americans
Households and businesses have become used to tariffs impacting the cost of living for more than year now, so what will change now?
cnbc.com
Visa tells CNBC it is expanding data offering for blockchain lenders as demand for stablecoin-linked cards surges
Visa is doubling down on blockchain-powered financial services with a new program to help issuers of stablecoin-linked cards access loans.
bbc.co.uk
Argentina to file criminal case against oil company operating in Falklands
The move comes days after President Javier Milei stepped up Argentina's claims of sovereignty over the Falklands.
bbc.co.uk
'JLR job cuts a cause for uncertainty and worry'
Experts say they worry it could limit the company's ability to innovate in the future.
theguardian.com
‘Everything is against us’: Jaguar Land Rover suppliers voice fears amid carmaker’s cutbacks
Firms warn of impact of company’s decision to to axe 4,000 jobs and call for government to support sectorJaguar Land Rover confirms plan to cut 4,000 jobsDavid Roberts is not in an optimistic mood. The chair of Coventry-based Evtec may preside over a business with 900 highly skilled employees, multiple sites and precision machinery, but the outlook for the manufacturer appears tricky. “Everything is against us,” he says.Evtec is a “tier 1” supplier to Jaguar Land Rover, also headquartered in Coventry, which this week announced 4,000 job cuts over two years even as the chancellor, John Healey, attempted to talk up Britain’s growth prospects in his first big speech, just down the road. Continue reading...
theguardian.com
OpenAI models went rogue. We urgently need a better ‘hugging face’ investigation | Mackenzie Arnold and Stephan Llerena
The breach won’t be the last – or the most dangerous – of its kind. We need an agency capable of full investigations into AI incidentsWhen OpenAI first revealed that its AI agents had autonomously hacked a major real-world company, Hugging Face, many assumed only one or two agents were involved. The truth, a new report reveals, is far stranger: the incident involved about 1,200 AI agents, 700 of which directly participated in the attack.OpenAI invited researchers from METR, along with an expert from Redwood Research, to produce the new report, alongside the company’s own investigation. The findings shocked the experts. Continue reading...
bbc.co.uk
UK's third-biggest taxpayer to leave for Greece
Chris Rokos plans to open an office in Athens, reports say, and was ranked third in the Sunday Times's list of the UK's top taxpayers.
bbc.co.uk
AI will cure cancer in our lifetime, claims boss of UK chip giant
Arm Holding's chief executive Rene Haas says artificial intelligence will find a solution to the disease.
bbc.co.uk
'Tirana teeth': Albania hopes to be the new Turkey for dental work
The Balkan nation is aiming to become a new centre for medical tourism.
bbc.co.uk
Shetland spaceport project secures £30m of UK government investment
The funding will be used to build two more launchpads.
cnbc.com
TSMC, Samsung commit to ASML’s newest chipmaking tools as AI drives demand
TSMC and Samsung will adopt ASML’s High NA EUV tools for advanced chipmaking as AI drives demand for smaller, more complex semiconductors.
bbc.co.uk
The firms turning recruitment into X Factor-style competitions
Applicants have to pitch their ideas on stage in front of a panel of judges and an audience. But is this exciting or unfair?
bbc.co.uk
Scammers demand ransoms from Instagram users over fake copyright claims
Users say they are losing money or risk having their accounts suspended because Meta struggles to identify scammers.
theguardian.com
‘Trust deficit’: Why India’s economic data has sparked a furore
India’s statistical system once commanded respect, and its data on economic and social indicators was considered rigorous – that appears to have eroded• Don’t get This is India delivered to your inbox? Sign up hereThere isn’t much that we Indians agree on these days. GDP numbers are no exception. Last week, India released glowing GDP numbers for the latest quarter – 7.8% growth – higher than the forecast 7%. It sparked a furore.Subhash Garg, a former finance secretary under Narendra Modi’s government and now a critic, reframed what Modi called a “herculean feat” as mere smoke and mirrors. According to Garg, the government revised last year’s current-price GDP downwards to inflate this year’s number – he believes the real growth is only 2.6%. Continue reading...
theguardian.com
I paid my Ulez charge, but I am still receiving threats from TfL
Transport for London has fined me and warned that if I don’t pay it will possibly destroy my carI paid the £12.50 London Ulez charge on my Amex card within hours of driving through the zone. I was then fined £90 for non-payment. According to my card issuer, Transport for London (TfL) had failed to collect the £12.50.TfL’s letter threatened a £180 fine, rising to £360, and possible destruction of my car, if I did not pay. My appeal was rejected. Continue reading...
bbc.co.uk
Food price cap plans giving farmer 'sleepless nights'
East Lothian farmer Jamie Wyllie says he's worried costs will get passed down the line to the food producers.
cnbc.com
Cholesterol drug setback casts doubt over multibillion-dollar race
Novartis’ failure raises the stakes for Amgen and Eli Lilly in the race to turn lower Lp(a) levels into fewer heart attacks and strokes.
theguardian.com
Europe’s fighter jet plans are in disarray. What happens next?
While the UK and Italy are making progress, France and Germany’s joint venture came to nothing, and the prospect of more countries pulling together seems way offWhen the former European Central Bank president and Italian prime minister Mario Draghi laid out a plan for Europe to catch up economically with the US and China, collaborating on defence was one of the prescriptions. No more should each country in Europe try to make its own version of a boat, tank or jet but instead share costs and technologies between allies.Europe appears to have fallen at the first hurdle. The German chancellor, Friedrich Merz, and the French president, Emmanuel Macron, were forced to cancel the joint future combat air system in June, after fraught efforts to work together since 2018. Continue reading...
bbc.co.uk
Trump threatens to stop sale of Canadian Bombardier jets in US
The threat against one of Canada's largest companies comes amid an escalating trade war between the two neighbours.
cnbc.com
CNBC's The China Connection newsletter: China's weak consumer becomes the world's problem
A Group of 20 finance meeting in the U.S. this month has now elevated the debate over whether China's exports have cost people in other countries their jobs.
theguardian.com
Jonathan Reynolds is right, Jaguar Land Rover doesn’t warrant use of public money | Nils Pratley
The 4,000 job cuts cannot be compared to a VW-like existential crisis and, as JLR presents them, are about staying competitiveJaguar Land Rover confirms plan to cut 4,000 jobs over two yearsA default reaction to news of job losses in the UK car industry is to ask what the government is going to do about it. So, well done business secretary Jonathan Reynolds for giving the correct response to the question of whether public money will be used to support Jaguar Land Rover, which on Monday confirmed 4,000 job cuts over two years. His answer was no.It is the right stance because JLR’s cost-cutting cannot be compared to a Volkswagen-like existential corporate crisis. In common with most European carmakers, JLR has had a rotten 12 months thanks to Donald Trump’s tariffs, luxury taxes in China, inflation in the cost of raw materials and, in its case, a big cyber-attack. Yet the company continues to talk bullishly about double-digit growth around the next corner as it prepares to launch five new models. Continue reading...
bbc.co.uk
Next wins key appeal to overturn £30m equal pay ruling
A judge ruled Next can pay warehouse workers more because it is harder to recruit and retain them.
bbc.co.uk
Chancellor calls for 'confidence about Britain' despite 'historic high' borrowing costs
John Healey detailed plans to spread growth more widely across the UK, ahead of his first Budget.
bbc.co.uk
Faisal Islam: Chancellor's attempts to boost vibes may limit tax rises
The new leadership is trying to maintain both confidence and the promotion of economic animal spirits.
theguardian.com
French winemakers forecast 30-year low harvest after severe drought and heat
Estimates suggest drop in production with vineyards also concerned ‘smoke taint’ from wildfires may affect qualityFrench vineyards hit by severe drought and heatwaves are expected to report a 30-year low in wine production after the country’s hottest ever recorded summer, according to the agriculture ministry.Initial estimates suggest winemakers will produce just under 34m hectolitres from this year’s harvest: a drop of 6% on last year, and 17% less than the 2021-2025 average. Continue reading...
bbc.co.uk
Jaguar Land Rover to cut 4,000 jobs over next two years
The cuts come as the carmaker struggles with Chinese competition, US tariffs, and the transition to electric vehicles.
bbc.co.uk
Why the 'Temu Range Rover' is such a threat to Jaguar Land Rover
Job cuts come as JLR faces falling sales and intense Chinese competition while trying to switch to electric vehicles.
theguardian.com
UK house prices fall for first time since 2023, led by London and south-east
Average property cost £298,468 in August, down by 0.4% year on year amid higher interest rates, says LloydsUK house prices have fallen for the first time in almost three years, as prospective buyers were squeezed by higher mortgage rates, geopolitical uncertainty and stretched affordability.Prices have dropped by 0.4% compared with a year ago, the first year-on-year decrease since November 2023, according to the lender Lloyds. That came in below expectations of a 0.2% annual rise, according to a poll of economists by Reuters. Continue reading...
theguardian.com
The Gymnastics Academy changed my prepaid booking but said ‘no’ to a refund
I arranged for my daughter to attend three sessions during the school holidays but the venue and one of the dates were changedI booked my daughter for three sessions during the school summer holidays at The Gymnastics Academy. The reservation was made and paid for last November because of a promotional offer.In June, I received emails from The Gymnastics Academy, confirming a session for a venue I had not booked. I was concerned my account had been hacked. Continue reading...
theguardian.com
Why are so many people stealing from restaurants?
About a quarter of British adults admit to having pilfered something from a pub or restaurant. Is it an Insta-fuelled craze, or just old-fashioned greed?Knives, candles, a toilet roll holder complete with screws and Rawlplugs – that’s just some of the stuff Michelin-starred restaurants in France complained about clients nicking in a recent news report. I’m not sure why the screws were presented as the ultimate absurdity – if you want to use your stolen toilet roll holder, you’ll need them – it’s just common sense!A Québécois restaurateur complained about similar thefts in July – a picnic table, a painting and even the thermostat had been pinched – and British restaurateurs confirm it happens in the UK, too. Jan Ostle of Wilsons in Bristol told the BBC’s World at One that the mother-of-pearl spoons he uses to serve herb sorbet are a particular target: “Every few months I have to buy another 28.” Continue reading...
bbc.co.uk
Pre-loved uniforms save families £69, says charity
Clothing Coventry has helped provide thousands of children with second-hand school uniform.
bbc.co.uk
The £70 refund letter that isn't a scam
About one million people - mostly women - are owed pension tax relief and will be contacted by HMRC.
theguardian.com
England’s housing courts at breaking point as renters battle no-fault evictions
Courts said to be ‘overloaded’ as landlords sell properties and tenants with nowhere to go try to delay evictionsIt is a Wednesday afternoon at Stratford housing court, and every seat in the waiting room is full. Over the next few hours, a conveyor belt of tenants and lawyers file into the courtroom to discuss their housing disputes – up to 29 cases are dealt with in a single day.In one case, a tenant is trying to buy more time after receiving a section 21 no-fault eviction earlier in the year, before they were banned. He has had no luck finding emergency housing with his local council. Continue reading...
bbc.co.uk
China to pump $54bn into state banks and insurers to boost economy
It comes as Beijing is aiming to reshape its economy in the face of a number of challenges.
theguardian.com
Uncanny and unappetizing: appetites spoil as AI images take over food menus
Consumers are increasingly encountering AI-generated images on food menus such as leathery meat and bread resembling reptile skinDuring a recent lunch break, Jill Sennett saw something so unappetizing she had to share it with her 26,000 X followers: Artificial intelligence-generated menu images from a Jamaican barbecue pop-up restaurant in which the meats looked like leather belts crawling with tiny beetles.The images were reshared by more than 500 people who similarly expressed their disgust. Eating is “such an essential human experience”, said Sennett, a 37-year-old nurse in Denver. “I think it’s a bad cultural thing that restaurants are converting to these horrific, uncanny food images that are unappetizing.” Continue reading...
bbc.co.uk
Why a famous Montreal sandwich shop has been forced to swap its soda
Schwartz’s, one of Montreal’s most famous delis, has changed suppliers for its black cherry soda.
theguardian.com
The student loan scam looking to dupe already anxious students
Scammers hope to siphon off some of the £2.6bn in student maintenance funds paid out each SeptemberYou are about to start university and can’t wait but then you receive a worrying text message. It is a few days before the first student loan payment is due to land in your account and apparently someone has tried to alter your bank details.“Our records indicate that your bank details on your student finance account were changed on Friday 16th. If you did not do this please contact us immediately,” says the text. Continue reading...
bbc.co.uk
Aviation faces hotter, stormier skies – and passengers might have to accept more disruption
Are people going to have to increasingly accept more delays and diversions as the effects of climate change intensify?
theguardian.com
‘The chancellor is in a bind’: is No 11 at odds with Burnham’s big vision?
MPs applaud PM’s ambition and optimism but John Healey has yet to show he can match leader’s radical perspectiveUntil now, Andy Burnham has been a lucky prime minister. In office for just over six weeks, no major domestic crisis derailed his plans over the summer, Reform has been on the back foot, and he arrived back at Westminster with his personal approval ratings soaring and optimism undampened.But underneath the sense of relief that many Labour MPs are feeling that their high-stakes gamble of ousting Keir Starmer appears – for now – to have paid off, there is an unease that Burnham’s premiership is yet to make contact with economic reality. Continue reading...
bbc.co.uk
Money Box
What can we expect from a major review of financial literacy?
bbc.co.uk
Consumer Fight Back
Rejected for PIP? Most tribunal appeals succeed. We ask why.
theguardian.com
Food delivery riders call on platforms to open up AI ‘black box’ they say has cut pay
Workers who blame algorithms for lowering their earnings are getting help from academics to find out how the system worksGig economy workers are urging delivery platforms to open up the “black box” of computer-driven algorithms that determine the jobs they are offered and how much they are paid, blaming increased use of AI for lowering wages.A group of food delivery riders in Edinburgh say their rates of pay have fallen and their working conditions have deteriorated at the same time as Deliveroo, Uber Eats and Just Eat, the three dominant gig economy platforms in the UK and Ireland, have increased their use of automation. Continue reading...
bbc.co.uk
How much can Canada fight back in its trade war with the US?
The US may be the bigger trading partner, but Canada shouldn't be counted out quite yet in the escalating trade fight.
bbc.co.uk
Why are European countries moving their gold out of North America?
The Netherlands has relocated 86 tonnes of the shiny stuff - what's going on?
bbc.co.uk
1986: Manchester's second-hand fashion mecca
Designer Jeff Banks visited Affleck’s Palace, an indoor emporium selling vintage clothing.
bbc.co.uk
Prosecco, cakes and beauty products - how to get birthday freebies and why there's a catch
Cake, coffee, make-up and burgers are just some of the free things you can get on your birthday.
bbc.co.uk
From 'dog fruit' to darling: India's avocado boom
Demand for avocados is booming in India and local growers hope to grab more of the market.
bbc.co.uk
Why wait? Business grads buying firms to install themselves as CEO
Impatient to be the boss of an established company they are borrowing money to fund their purchases.
bbc.co.uk
'My parents won't lend me £10k but helped my brother': When families play financial favourites
So-called financial favouritism can cause jealousy and resentment long into adulthood. Here is how experts say you can avoid it
bbc.co.uk
Overcooked? Why robotic pizza makers are failing
A string of failures has sapped confidence that robots will take over production at pizza restaurants.
bbc.co.uk
How Dolly Parton's business savvy helped her succeed far beyond the charts
While country music and films brought her fame, her entrepreneurial zeal brought her fortune.
bbc.co.uk
Firms scramble for battery power in Spain and Portugal
After last year's massive power failure Spanish and Portuguese firms are buying battery back ups.
bbc.co.uk
Drought leaves 'barely any apples' to make cider
Some orchards are harvesting just a 10th of their usual crop, and facing an uncertain future.
bbc.co.uk
'What you see is what you pay' - why some US restaurants are banning tips
Tips are central to US dining culture but some eateries think that they are unfair.
bbc.co.uk
How landscape gardening is being electrified
The switch to quieter electric equipment is not going as fast as some would like.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
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